CALCMONEY // HOME AFFORDABILITY // MA // BABSON PARK
How much house can you afford in Babson Park? Based on local median home prices, current MA mortgage rates, and Babson Park property tax data.
$1,650,000
$10,938/mo
$468,759/yr
$853,541
Monthly housing costs of $10,938 represent 45.6% of Babson Park's median gross monthly income ($24,000/mo). At 45.6%, median-income buyers in Babson Park are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $1,650,000 |
| Down Payment (20%) | $330,000 |
| Loan Amount | $1,320,000 |
| Monthly PI Payment | $8,738 |
| Monthly Property Tax | $1,513 |
| Monthly Insurance Est. | $688 |
| Total Monthly PITI | $10,938 |
| Housing Cost % of Income | 45.6% |
| Required Income (28% rule) | $468,759/yr |
| Max Affordable Home | $853,541 |
$57,750
$13,868/mo
Babson Park Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $1,650,000 | Babson Park city median |
| Down Payment (20%) | $330,000 | Conventional loan |
| Monthly PITI | $10,938 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $468,759 | Annual gross |
| Max Affordable Home | $853,541 | Based on median income |
| FHA Down (3.5%) | $57,750 | Minimum FHA |
| Housing Cost % of Income | 45.6% | Median income: $288,000/yr |
| Property Tax Rate | 1.1% | $18,150/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Babson Park is $1,650,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $1,320,000, generating a monthly P&I payment of $8,738. Adding property taxes ($1,513/mo) and homeowners insurance ($688/mo) brings total monthly PITI to $10,938.
Babson Park's property tax rate of 1.1% is near the national average, adding a standard increment to monthly housing costs. On the Babson Park median home, that is $1,513/month, or $18,150 per year.
Massachusetts levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Babson Park should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Babson Park's median income of $288,000/year can afford up to $6,720/month in total housing costs. Based on Babson Park's mortgage rate of 6.95% and property tax rate of 1.1%, that translates to a maximum affordable home price of approximately $853,541 with 20% down on a 30-year loan.
To afford the median Babson Park home priced at $1,650,000, you need an annual gross income of approximately $468,759. Total monthly housing costs (principal and interest of $8,738, property taxes of $1,513, and insurance of $688) come to $10,938/month, which equals 28% of the required income.
At the median home price of $1,650,000 and median household income of $288,000, the total monthly housing cost of $10,938 represents 45.6% of gross monthly income. This is well above the standard 28% threshold, making Babson Park a challenging market for buyers at median income.
A conventional 20% down payment on the median Babson Park home of $1,650,000 is $330,000. An FHA loan requires just 3.5% down — $57,750 — but adds mortgage insurance of roughly $1,128/month, bringing total FHA payments to $13,868/month.
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